Cinctive Capital Management LP Cuts Position in RH (NYSE:RH)

Cinctive Capital Management LP reduced its position in RH (NYSE:RH - Free Report) by 73.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,234 shares of the company's stock after selling 30,965 shares during the quarter. Cinctive Capital Management LP owned 0.06% of RH worth $3,757,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RH. Texas Permanent School Fund Corp grew its holdings in shares of RH by 25.3% in the second quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company's stock worth $4,098,000 after purchasing an additional 3,387 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in RH in the 3rd quarter valued at about $3,251,000. Diversified Trust Co bought a new position in RH in the 2nd quarter worth about $793,000. BlackBarn Capital Partners LP increased its position in shares of RH by 156.8% during the second quarter. BlackBarn Capital Partners LP now owns 43,655 shares of the company's stock worth $10,671,000 after acquiring an additional 26,655 shares during the period. Finally, Ieq Capital LLC boosted its holdings in shares of RH by 18.4% in the second quarter. Ieq Capital LLC now owns 9,711 shares of the company's stock valued at $2,374,000 after purchasing an additional 1,512 shares during the period. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Trading Down 0.9 %

RH stock traded down $3.40 during trading on Tuesday, hitting $375.86. The company had a trading volume of 198,129 shares, compared to its average volume of 709,857. The company's 50 day simple moving average is $338.18 and its 200-day simple moving average is $290.01. RH has a 1-year low of $212.43 and a 1-year high of $398.22. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 223.10, a price-to-earnings-growth ratio of 2.18 and a beta of 2.44.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.13. The firm had revenue of $829.66 million during the quarter, compared to analysts' expectations of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.93 earnings per share. As a group, analysts forecast that RH will post 5.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on RH. Bank of America raised their price objective on RH from $310.00 to $359.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Morgan Stanley upped their price objective on shares of RH from $300.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Friday, September 13th. Telsey Advisory Group reissued a "market perform" rating and set a $290.00 target price on shares of RH in a research report on Tuesday, September 10th. TD Cowen upped their price target on shares of RH from $325.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Finally, StockNews.com raised RH to a "sell" rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, RH presently has an average rating of "Hold" and a consensus target price of $326.14.

Insider Transactions at RH

In related news, insider Stefan Duban sold 4,285 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total value of $680,600.00. Following the completion of the transaction, the director now owns 10,914 shares in the company, valued at $3,714,034.20. This trade represents a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is currently owned by insiders.

RH Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.